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ALPHA PRO TECH LTD

For the period ended Mar 31, 2026. Filed May 7, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 7, 2026

APT$5.42-1.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No.001-15725

(Exact Name of Registrant as Specified in Its Charter)

Delaware, U.S.A.63-1009183
(State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.)
53 Wellington Street East
Aurora, Ontario, CanadaL4G 1H6
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (905)479-0654

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par valueAPTNYSE American

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐Non-accelerated filer ☒ Smaller reporting company☒

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

ClassOutstanding May 1, 2026
Common Stock, $0.01 par value10,216,932 shares

Alpha Pro Tech, Ltd.

Index

page
PART I.FINANCIAL INFORMATION1
ITEM 1.Financial Statements1
Condensed Consolidated Balance Sheets (Unaudited)1
Condensed Consolidated Statements of Income (Unaudited)2
Condensed Consolidated Statements of Comprehensive Income (Unaudited)3
Condensed Consolidated Statements of Shareholders’ Equity (Unaudited)4
Condensed Consolidated Statements of Cash Flows (Unaudited)5
Notes to Condensed Consolidated Financial Statements (Unaudited)6
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations16
ITEM 3.Quantitative and Qualitative Disclosures about Market Risk22
ITEM 4.Controls and Procedures23
PART II.OTHER INFORMATION23
ITEM I.Legal Proceedings23
ITEM IA.Risk Factors23
ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds24
ITEM 5.Other Information24
ITEM 6.Exhibits25
SIGNATURES26
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